Plan Ledger DOL Form 5500 · updated monthly

Teya Development, LLC401(k)

TEYA 401(K) PLAN · ANCHORAGE, AK · plan year 2024

Reported admin expense ratio · 2024
0.19%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Teya Development, LLC reported $4,698 in plan administrative expenses for 2024: 0.19% of average plan assets, lower than ~75% of peers. Employer contributions averaged $264 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.18% to 0.19%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Alaska (146th of 160), and 4,622nd of 4,798 in finance & insurance. In 2024, employees put in $5.79 for every $1.00 the employer contributed; active participation has grown from 295 to 338 since 2022.

Plan summary
Net assets, end of year$2,571,883
Participants with balances161
Active participants338
Employer contributions$89,071
Employee contributions$516,011
Employer contribution per active participant$264
Average account balance$15,974
Benefits paid to participants$629,299
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history4
Yearassets · accounts · employer contribution
2025$0
2024$2.6M · 161 accts · $89K emplr
2023$2.3M · 130 accts · $111K emplr
2022$1.4M · 118 accts · $70K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,698
Total administrative$4,698
The Teya Development, LLC 401(k) match · 2024
Employer contribution per active participant$264
Median for plans this size$1,313
2024$264 per active participant
2023$335 per active participant
2022$239 per active participant

Teya Development, LLC's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
ALERA GROUP, INC.indirect comp
VOYA RETIREMENT INSURANCE & ANNUITY · Investment advisory (plan)indirect comp
MORNINGSTAR · Investment advisory (plan)indirect comp
PROFESSIONAL BENEFIT SERVICES, INC · Other servicesindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history4
2025Not separately reported
2024$4,698 · 0.19%
2023$6,281 · 0.33%
2022$2,687 · 0.18%
Similar plansFinance & Insurance · Alaska
McKinley Management, LLC AK$24.4M · 0.07%
First Bank AK$23.5M · 0.04%
Clearpath Lending CA$2.6M · 0.09%
Aspire Financial, Inc. TX$2.6M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 264236825 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.